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Search Results 0 to 28 of about 29 (some duplicates have been removed)
>>> welcome to worldwide exchange. here are your headlines. the final set of numbers on the u.s. jobs market before the election are out in just a few hours forecasts calling for another month of modest but not stellar payroll growth. >> dow, nasdaq post strongest session since mid september. >> the rising cost of sandy, one major risk modeling firm now says the economic losses from the storm could reach $50 billion. >> and china steps insecurity ahead of next week's com you uhe nis party congress. even model airplanes have been grounded. if you're just joining us, very good morning to you. this is where we stand. we are at the moment dow 24 points below fair value. let's show you where we is an with you're feuropean stocks. cac down half a percent, ftse 100 down 0.2%. let's show you some individual stocks in focus. losses on friday hurt by a sector wide slump. equipment maker cutting back spending down as you can see merely 7%. rbs coming out with results this morning. this is the uk bank with a government owned majority and part nationalized lending reporting an increase in th
, that trade officials see challenges ahead. most recently, over solar panels. the u.s. has approved steep trade tariffs, a move officials here say could backfire and cost american companies this market. >> translator: someone asked me are you in a trading war with the united states? i said no. i hope we can sit down and discuss and try our best not to get involved in trade war. but i must say when others tackle businesses, i have to protect our businesses. >> policymakers also attempted to ease concerns about a brewing debt crisis here. >> translator: the bad loans have been on the rise this year, mostly due to the difficulties in management of some industries. but the overall bank as a quality stable and the risk is under control. ratio almost the same as that at the beginning of the year, far lower of the world's major banks. >> regulators and bank executives said that chinese banks have spread the loans across several different sectors including steel and solar panels help to go mitigate the risk, however there is still widespread concerns that overcapacity in several of those industri
arabia being overtaken by the u.s. as the top oil producer in the world by o2020. saudi arabia is the second largest oil exporter to the u.s. this change is going to happen because we have already started to see a change in the unconventional sources of gas and oil and the growth there is really what is helping to make what this agency is saying energy independence be able to become a reality for the u.s. by 2035. the other key thing to keep in mind it is natural gas leading the way in terms of the globalal gas production. it will make up half of gas production by 2035. a lot of thatoming from the u.s. what all of this means in terms of the global energy trade is that we will see a shift in terms of the diversification and build up in supply. we will have a change in terms of where the middle east oil is going, as well. 90% of that is expected to go to asia by 2035. >> i'm curious what the temperature on the floor was on this report. do people buy this? >> a lot of traders say it is already priced in when you look all the way out to 2017 and 2020 we are seeing that priced in an
territory. >> the head of mcdonald's u.s. business is out and jeff stratton will assume that business starting january 1. capped off last month with the first decline in monthly sales in about nine years. we'll begin with a teale of two retailers. walmart, revenues coming in short of forecast. -- as for target, the company posted third quarter earnings well above estimates, says it's poised for a strong fourth quarter, but walmart has some issues here, jim. they're talking countries including but not limited to brazil, china and some others too. >> yeah, i was thinking it bick, not brick. russia has been left out of the equation, foreign corrupt investigation, not a great number here at all. the stock had become a very big institutional favorite. if you recall during the mexican investigation, when "new york times" piece it, the stock was trading between 57 and 58. they were then overridden by a couple of really good, solid quarters. this was not the quarter that anyone was looking for. >> except for those who sold the stock over the last couple of weeks. i mean that stock has started
attractive, not just in the u.s., but abroad you'll invite a lot of competitors. so the delta between what you're creating versus the competitors versus every rnd strategist on the planet will narrow and it will continue to have a lead and maybe not a lead as substantial as they used to have, but for your commentator to say that your company isn't special anymore and this is a company that generates $1 billion of free cash flow per week and it's ludicrous to say this and probably the most important and most successful in the planet. >> so porter, what turns it around. what gets sentiment back going the other direction and that's all that matters to people that believe the apple story. >> the headlines earlier this week is that apple is losing market share in the tablet business and of course, they will because they invented that product category and there are now a dozen competitors and the market is growing at over 50% a year and so there's plenty of room to go. they are definitely, as paul pointed out. they are the market leader and they're going to have less share of a bigger, growing m
there again? >> well, again, the u.s. stimulated the last crisis with our subprime crisis. the world was awash in debt. demographic trends were set to slow. now we have the same thing replaying with europe set to be the trigger this time with their sovereign debt crisis. we have even greater debt now in countries around the world. demographics is getting ready to slow more in the next few years. i think we're prime for a crisis. this time it's going to be europe that triggers it, not our fiscal cliff, not our fed. if we could take the whole world down, europe can take the whole world down. think of it this way. we've had two bubbles and we're in a third one. each bubble has taken us a little higher. each crash has taken us a little lower. 6,000 is simply the bottom trend line through those bottoms, including the 6440 in early 2009. it's a slight new low. it's not anything that should be unexpected given the trend. >> well, it's still, you know, half of where we are right now. it's only a two-year period. ron, take the other side of that. what do you think? >> i think it's a pretty easy other s
time in nearly a decade and the u.s. underperforming. any doubt now that rivals are stealing share? >> retailers like macy's finally quantifying the effect of hurricane sandy. walmart kicking off black friday earlier than ever. we start this morning with the markets looking to bounce back from yesterday's selloff and nearly 1313 drop in the dow. europe on wall street's radar after the ecb and bank of england kept key rates unchanged. draghi holding a press conference right now saying he sees economic rekafr ri remaining weak and reforms are crucial to boosting growth potential on top of greece passing an unpopular package of austerity measures on wednesday and necessary for greece to receive another round of international financial aid. china's ruling communist party congress con vealing today in a leadership change. so much to digest overseas, jim. what came out of the ecb is expected. came out of greece seems to be largely expected. but spain still resisting. a bailout. that's trouble. >> i know. every day the crucial -- that's the crucial link. you have to give them the good loa
. china was down. they did have tremendously difficult comparisons. u.s. was also weaker. this was just not a good quarter. >> that's true. >> so ubs goes to neutral and trims estimates and cuts price target from 84 to 73. they say that deceleration is going into q-2. >> yum we're not that crazy about. chipotle. panera is a standout. this has been a terrific group. it lost its luster. entire quick serve contingent has become a place that people are worried about with the exception of highest value. panera. it's a decent stock. >> what's also surprising about what young came out with last month is they were talking about china. they weren't overly cautious about china. at the same time we've been getting better and better data points when it comes to china. economic data has been in fact turning. we haven't seen the stock market in china join and now we're not seeing it in yum. yum had once been the big multinational china play. if yum can't make it work, what other companies will we start to look at? will we look at nike or another multinational with a decent amount of growth from sales
that the u.s. doesn't go into a recession? >> well, first i want to say the metaphor fiscal cliff is probably the wrong one. you step off a cliff, that's your last step. for many politicians, the real metaphor is it's a slope. they gradually go into these tax increases and spending cuts. they feel they can turn around and walk back up the slope, retroactively reverse the changes. in that circumstance, in that scenario, it creates a lot of uncertainty for businesses and for taxpayers. what will our taxes be next year? how are we going to make some plans for our business or personal finances? it's that uncertainty that's going to, i think, have adverse effects for the economy. >> okay. that makes a lot of sense. michael jones, how do you want to invest here with all this? >> i think there are times when the market is really simple. don't fight the fed. you certainly don't want to fight the fed when they've got the ecb, the bank of japan, the people's bank of china, and virtually every other central bank on their side. you've had unprecedentedly aggressive monetary stimulus. we have open-ended c
, the u.s. helping to give a boost with stocks across the board. and tech, a bright spot in today's session with notable moods. it's interesting, you go from the month of october where tech was the worst performing sector and moved into november and how quickly things changed. >> it felt like the first of the month, i'm not making light of it, i think that's a lot of what's going on. tech clear, microsoft performed well. intel to me, the most interesting one. finally catching a bounce for no apparent reason. here we are again at 1425, give or take, that was support on the way down a couple times. it's resistance on the way up. and here we are right now, my inclination is to stave this move, we'll know more in 12 to 14 hoyers from now. >> the semiconductor up 3%. it's almost as if people forgot about the forecast for the demise of the pc and said the month of november, we're going to go in, they're cheap, they're beaten down, and that's where the value is at this point. >> we've seen a big rotation trade. the most encouraging aspect of what's happened in the market over the last tw
of a nearly 5% selloff just since the election. so you say there's opportunities in the u.s. what are you hearing from your companies in terms of how they're going to adjust their business? >> well, i think, you know, that's one of the reasons that unemployment still remains high in the united states. we have uncertainty in tax policy. we have uncertainty in regulatory policies. so if you take from the first quarter of 2009 to the current date, revenue growth in the united states has been 35%. greater than it was between 1990 and 2007. >> right. >> that should have translated into 30,000 more jobs per month during this period of time. but it hasn't because business hasn't been willing to go out and hire people, bring full-time people on board because they don't know what the laws that are going to govern them from a regulatory standpoint, and they don't know what tax policy is going to be. >> why would you add heads to the payroll when you have no clarity on what your tax rate is going to be. what fees are involved in those agencies. >> right. >> so that's the issue. so would you be poise
on the program. >> glad to be here. >> so the international energy agency this week said the u.s. will be the largest global oil producer in 2020. this is amazing. so tell me about this sea change in global energy flows today. >> it's great to have more american-made energy, but it's not good enough. we also need to modernize our energy grid. it's not good enough to just be the best at producing the energy the last century. and we are going to spend a couple trillion dollars modernizing the grid, and the question is how we do it. hopefully we do it in a way that protects us from cyber security risks that makes the grid more resilient from storms. that facilitates energy efficiency and renewable energy, cleaner energy in the future. >> you know, it's interesting, because i think we all want to be energy-independent. we want -- we know this country is rich in natural gas. but for the most part, people don't want it in my backyard and yet ge ceo jack with welsh compared it to the internet boom with job pro portion and increases. how do you balance it, the potential economic boom we
died in the u.s. as a result of sandy. most of them from new york and new jersey. still 5.6 million customers in the dark. and it may be ten days before the hardest hit areas sea power restored. more than 19,000 flights were canceled because of sandy, but stranded passengers have something to be thankful for. newark and jfk airports were back in business yesterday and delta and american airlines are scheduled to resume a limited number of flights out of laguardia in about 30 minutes. the mta is also getting back to business with new york city subways offering limited service starting today. the m tcta is waiving all fees until tomorrow. so good news there. >> we're looking for any good news so thank you. the eye of hurricane sandy has hit the jersey shore hard. it wiped away entire economies. president obama surveyed the damage with chris christie yesterday. this morning kayla tausche is in toms river, seaside heights. what's it look like there? >> reporter: it's very dark here. we're at the mouth of the bridge which leads over to sea sooid heights, a road only accessible by emergen
they have? >> exactly. so 350 million u.s. dollars go through the ariba network oh and every day. but it's an addressable market of 8 trillion u.s. dollars. so you're connecting buyers and sellers in a global business network. what does that do for the customer? i got everybody competing for my business. i'm going to get a lower price point. >> okay. i get that. now, our friend peter mcclausen, i'm sure you know, he brought in sap and we were always anxious to have it done fast. we made a series of acquisitions. sometimes they just can't call you and have it be done in a day, can they? >> here's the deal. the days of sold implementations have radically changed. why? because you can put it on the cloud. so many companies today are going to innovate at the edge of the enterprise for their people, their suppliers, their customers or their money. and they'll innovate on the edge of the enterprise in the cloud. or some company, small, mid size as an example and some large once will run their entire company, either a public or private cloud. the good thing about sap is we can run an entire com
epperson at the nymex. u.s. jobs data sent gold prices sharply lower, below $1,700 an ounce. the first time we've seen gold this low since september 7th. we did see a lot of stocks go under way as we got the jobs data. oil prices are slightly lower, the stronger dollar pressuring oil prices as well as several e refineries still shut here along the east coast due to hurricane sandy and gasoline futures up slightly but the national average keeps coming down, $3.50, down 8 cents from a week ago, down 28 cents in the month. back to you, carl. >> thanks so much, sharon epperson. >>> the coast guard opening the port of new york and new jersey on a restricted basis allowing the backlog of barges allowing gasoline and fuel into the area. how soon might we see in the areas affected by sandy? good morning, kate. >> reporter: good morning, carl. i just returned from the dockses behind me where dry dock work ers are hoping to get themselves ready for new ships to be repaired as early as monday. they have a waterfront view of what's going on in the port of new york and new jersey which was just reopene
in general if your catalyst is the u.s. government you should be generally freaking out. free market is not one that hangs on every whim and word of harry reid. at the end of the day there are multiple factors at work here. china hit a new low. we will talk about these things but i think it is multiple factors a at work beyond what somebody in washington says. >> this reminds me of when we had the european crisis or in 2008 when there was the vote on the tarp. i don't think we should overreact to this. if i learned anything from schoolhouse rock making a bill is like sausage making. you will have imaginations going on. >> i don't think they made that comparison on school house rock. >> he was watching a different schoolhouse rock. >> the jack black "schoolhouse rock." >> the fiscal cliff is just a great headline but the tip of the iceberg of what is really ailing or what could potentially ail this market in weeks to come. we are within the whisper of a four-year high. europe is a mess and the data in the states has been mediocre at best. the fiscal cliff is an easy thing to point the
in the u.s. right now? >> i think you have to look at it a couple different ways. number one is sustainability piece on fuel and foreign oil. electrification will play a major role in the industry whether it is pure or assist like we have in lacrosse and impala here and malibu. widely different applications depending on budget, fuel economy and efficiency. we'll offer a lot of those different alternatives here. the spark we're excited about because this is really -- we're going to really go hard in places like california, austin, oregon, where sustainability is part of the real culture and the thread of the way people live. when you look at the spark and you look at what the performance of a car is, we haven't announced the final range because we're not done certifying it but it will be one of the largest range vehicles and torque is more than a ferrari. >> but the skeptic will look at this and say not that you're supposed to comment on the leaf from a competitor standpoint but you look at the leaf and others and people say is there a market for electric vehicles in the u.s.?
have some impact, but across the nation, you know, the northeast consumes about 30% of the total u.s. demand for gasoline. you know, that demand is way down since there's not as many people driving. i think the impact on the nation's gas price is minimal. >> all right. >> mr. foutch, thanks for joining us today. appreciate it very much. >> thank you. >>> the latest pictures from downtown new york still pretty ugly. take a look at this picture i took on my way down here today. this is down the block. >> you took that today? >> i took this today, bill. >> the water hasn't changed at all. >> it hasn't changed from yesterday at all. i was just coming in. this is the thauunnel that leado the brooklyn battery tunnel. i got out of the car. the cops didn't want me to do it. >> they're not going to stop maria bartiromo. >> no, they did stop me. i took the shot and ran back in the car. isn't it extraordinary? >> i was thinking about that today. there are priorities that have to be set. you listen to mayor bloomberg. he's talking about priorities being getting food and water and power to the pe
real u.s. postage for all your letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certified. international. and the mailman picks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to and never go to the post office again. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> if you want to know what stocks can work in this increasingly difficult environment, how about we start with stocks that go up when they report earnings, not down, especially on horrendous days of late. stocks like henry schein. it's one of the world's largest distributors of health care products and services. the
in accounting rules between the u.s. and european standards? what about all of things that happened in between the purchase and now? how can you attribute everything you raise as issues to things sprung on you ahead of time? haven't you been running this business for the past several months? >> john, meg whitman is under enough fire if you will because of the recent performance of the company. it doesn't show any signs of a turn-around since she took over. this is another thing she has to answer to, not only the fact she voted to approve the autonomy deal, and now she's the ceo of hp and these accusations thrown back at her from mr. lynch. >> absolutely. meg whitman is not projecting a turn-around for this fiscal year saying she expects to see that in 2014. there's a number of revenue declines and nonexistent margins in a number of businesses throughout the fiscal year. she's in the thick of a turn-around. this controversy all autonomy did not help. >> is there any reason to give hp a look? >> i don't think so. i mean, you've got to get rid of the entire board and meg whitman, i don't think ge
claiming the teas contain pesticides in amounts that exceed u.s. regulatory limits. remember, this company was bought by starbucks for not -- a premium, but it was relatively small acquisition for the size of starbucks. what are traders doing on this? >> they are trading a lot of options. traded over 40 times. the average daily volume, the most active were the december 15 puts which were trading for an average price of 50 cents. the important thing here is starbucks is trying to close this acquisition supposedly going to close before the end of the year at 15.5 buck as share. why are people buying 15 strike puts for 50 cents when the stock will be below 14.5 in 30 days? they are betting starbucks might walk away. i don't know that it will happen. i have looked at the report. makes you wonder about your tea. >> mike, you read through the report and came up with interesting stats in terms of you looked at where the tea comes from around the world. >> yes. it's interesting. of course the important thing to remember is that tea is something we import. so you think where do we import it from. t
"wreck-it ralph" expected to gross north of $40 million at the u.s. box office this weekend. it's a disney animation movie but it's drawing the kind of rave reviews usually reserved for pixar films, not disney animation. following the strong performance of "tangled" last year, disney's animation under the leadership of john lassiter is firmly on track. >> a potential upbeat story at the mouse house. how do the charts look going into earnings. to carter of oppenheimer. he nailed the direction of disney in the last three earnings reports so where is it going. >> i have two charts we can zero in on. the first is a daily chart and the thing that jumps out to the eye anyway, how orderly it is. perfect 45-degree angle and what's important when the market sold off in may and june, disney was impervious, now at the bottom of which is a well-defined channel and buy the weakness. long-term chart, disney just broken 0 out from tops that have been in effect since 1998. and usually when a breakout occurs like this it is not contained to a few points. we would play for much higher prices, 57,
prices here in the u.s. have basically erased this week's losses because of the gains that we're seeing currently in the oil complex. we're also hearing reports about iraqi enjoy saying that arabs should use oil to press israel over gaza. those headlines helping to cause this bid in the oil complex. in the gold market, we've seen steady declines over the last several sessions and now a little bit of stabilization in the gold market. there are concerns based on the world gold council report about demand particularly out of china. we've seen the cme lower margins for gold and silver so that may have an impact on the trading activity from here. carl, back to you at the white house. >> all right. thanks so much. in a half hour from now the president will hold key meeting with top congressional leaders on solving the fiscal cliff. we'll be over this crit aleveic event. both sides of the aisle will be covered. "squawk on the street" is coming right back. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-255
what matters. >>> some decisions, some transactions say more about the u.s. economy than all the other reports throughout. labor, commerce, maybe more than all of them combined. the to booir roll corp for $5 billion is one of those decisions. a lot of different has how old brands over time and take advantage of a good supply chain for soup marke supermarkets, hebrew national, slim jim, swiss miss, brands that were in your mom's cabinets and brands in your kids' cabinets. something happened to big national brands in the great recession. many of them lost their cache. in part because they took prices up year of year after year. why? to please their stockholders and they haven't made as much money selling them like they used to taking up a lot of space. not good business. the endless jaeking up of prices and more profit margins for the stores that sell them. you feel pinched and the supermarket feels priced out, enter private label. at one point they came in black and white cannes and the sup supermarkets tried to adopt this. they want to say, look at me, look at me, i'm cheaper than the
company based here in the u.s. its earnings are going to take a cyclical dip this year most likely as a result of europe. it has a great balance sheet and trading about ten times earnings. people are afraid to own it right now. >> we are going to leave it there. thanks for joining us. a name that dan had mentioned. >> we trade and talk about that from time to time. it had a nice run earlier this year. now it is trading 77.5. to me it seems it has a chance to trade to the lower 70s which i'm sure dan doesn't care about with a five-year time horizon. >>> let's move on here. the unrest in the middle east and the impact on oil prices. take a look at this incredible video from gaza. israel launched an a air strike. crude immediately spiked. where do you put this? we know there are tensions between hamas and israel. >> i don't think so. i think this is a bigger issue than people made out today. we are used to that rhetoric but you are starting to see the rest of the middle east get involved. we saw egypt pull the ambassador from israel. and this is not the normalal lobbing missiles back
-year average. a pop out of the stock today. >> i'm looking at letter x as well. that's u.s. steel. up five and a third percent. ubs adding to the alpha most preferred list. time to get in there. >> this is a high quality company in a tough industry. a lot of news that impacts this thing comes from oversaes. this is the thing where you want to look at technicals more than anything else. we know the fundamentals aren't great. 23 and change. 23 and a quarter. that's a really important level. i would not be a buyer until it can break above that and hold. if it retests that level after busting through this is good for a five or six-point breakout but not until. >> big moves on wall street today as americans go to the polls. which candidate will be better for wall street and your money is this harold ford was a five-term democratic congressman and now a managing director at morgan stanley. anthony scaramucci is one of mitt romney's national finance chairs. good to have you with us. how do we counter claims that romney is better for the investor class and better for wall street? >> good afternoon
something tonight. >>> the outcomes of the races will go a long way in deciding whether the u.s. economy hits the fiscal cliff or goes off the edge and whether buernanke will be leading the federal reserve. joining us is marty feldstein. thank you very much for joining us this evening. >> nice to be with you this evening. >> we have a lot of questions. the fiscal cliff. if we go over the fiscal cliff, if there is not an agreement before january 1 what does that mean for the economy? >> i hope there is an agreement because it would be pretty disastrous. the congressional budget a office told us it would take 4% to 5% of gdp out of the economy. in other words we would be in a recession for sure and a deep one unless we come bouncing back t quickly. in other words, congress reverses itself after letting us go over the cliff. >> handicap what you think happened in either scenario if president obama is reelected or if governor romney is elected. >> i think in both cases there is a better than even chance we will go over the cliff. i think if president romney gets elected he will say i want to
Search Results 0 to 28 of about 29 (some duplicates have been removed)